Investment bank Lazard has completed its acquisition of private capital advisory specialist Campbell Lutyens, launching a new combined business under the name Lazard CL.
The transaction, which was first announced on 30 April 2026, brings together advisory professionals and worldwide operations across Lazard’s private capital advisory and the Campbell Lutyens businesses to create what the firms describe as the world’s largest integrated private capital advisory platform.
The combined businesses will have more than 300 advisory professionals across 19 offices worldwide and have collectively advised on more than $1tn in fund placement and secondary transactions across approximately 1,300 mandates over the past 40 years.
Lazard CL will provide fund placement, primary fundraising, secondary advisory and GP capital advisory services to GPs, LPs and other participants across private markets.
Its expertise will span private equity, private credit, infrastructure and real estate, with operations covering North America, Europe, the Middle East and Asia-Pacific. The business will draw on a global distribution network connecting approximately 4,000 institutional investors, supported by more than 60 specialists.
The establishment of Lazard CL marks a milestone in the Lazard 2030 strategy to deliver long-term, profitable growth, expanding the capabilities provided to clients and further diversifying the firm’s revenue.
Peter Orszag, chief executive officer and chairman of Lazard: “We are thrilled to launch our third global business, Lazard CL. By pairing leading global positions in primary fundraising and secondary advisory with our world-class M&A, capital markets, and restructuring expertise, we are deepening the connectivity between our advisory businesses and strengthening our reach across both the largest strategic transactions and private capital activity.
“Campbell Lutyens is an exceptional firm with outstanding talent and a culture much like ours—commercial, collegial, and committed to clients—and I am delighted to welcome the team to Lazard.”
Gordon Bajnai, co-chief executive of Lazard CL, said: “Today, Lazard CL opens its doors as the largest integrated platform in private capital advisory anywhere in the world. Campbell Lutyens spent 38 years building an independent, entrepreneurial franchise rooted in a client-first mentality, and that same spirit now carries forward into our new business. Along with Lazard’s strength across Financial Advisory, Lazard CL gives our clients a global scale and reach that few in the industry can match.”
Holcombe Green, co-chief executive of Lazard CL, said: "Lazard CL represents the next stage of everything we’ve built in private capital advisory at Lazard over the past five years—a period in which our business has more than doubled its revenue and expanded its footprint globally.
“This transaction augments our standout capabilities in private equity and real estate with category leadership in infrastructure and private credit, bringing the expertise of our teams together to create the most comprehensive business in the private capital advisory space.”
